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Pentair (PNR) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · Pentair (PNR) Q3 2026 earnings results →

Q3 2026 Revenue down 4% year over year to $976M · 15¢ of every $1 of revenue kept as net profit · operating margin 20.1%

Pentair made $976M in Q3 2026 (-4% Y/Y). Operating margin 20.1%, net earnings $145M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.

Revenue$976M
Year over year-4%
Operating margin20.1%
Net earnings$145M
Operating cash flow$169M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $976.4M in Q3 2026, down 4% year over year and up 5% from the previous quarter.

Gross margin was 40.5%, down 0.5 points from Q3 2025. Operating profit was $195.9M, a 20.1% margin (down 2.6 points year over year). Operating expenses grew 7% against a revenue fall of 4%. Net earnings were $145.1M, down 21% year over year. The effective tax rate was 16.3%.

Operating cash flow was $169.3M (down 14% year over year), 117% of net earnings. Non-cash charges added back $30.4M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $10.3M. Capital expenditures of $16.8M left free cash flow of $152.5M.

Quarterly history

Pentair revenue by quarterPentair revenue by quarter$1.0BQ1 2025$1.1BQ2 2025$1.0BQ3 2025$1.0BQ4 2025$1.0BQ1 2026$933MQ2 2026$976MQ3 2026
Pentair net earnings by quarterPentair net earnings by quarter$155MQ1 2025$148MQ2 2025$184MQ3 2025$166MQ4 2025$172MQ1 2026$129MQ2 2026$145MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 27, 2026$976M-4%20.1%$145M$169M
Q2 202610-QJul 28, 2026$933M-17%17.9%$129M$572M
Q1 202610-QApr 28, 2026$1.0B+3%20.3%$172M−$67.4M
Q4 202510-KFeb 24, 2026$1.0B+5%20.1%$166M$50.8M
Q3 202510-QOct 21, 2025$1.0B+3%22.7%$184M$196M
Q2 202510-QJul 22, 2025$1.1B+2%19.4%$148M$607M
Q1 202510-QApr 22, 2025$1.0B-0.7%20.1%$155M−$38.9M

Charts

Pentair: revenue growth, year over year and quarter over quarterPentair: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q1 2025+2%+11%Q2 2025+3%-9%Q3 2025+5%0%Q4 2025+3%+2%Q1 2026-17%-10%Q2 2026-4%+5%Q3 2026
Latest (Q3 2026): Y/Y -4%, Q/Q +5%.
Pentair: where the cash came from (+) and went (−), TTM to Q3 2026Pentair: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$724MOther financing−$514MDividends−$172MCapital spending−$77.9MCash drawn (+) / kept (−)$54.4MOther investing−$30.4MNot reconciled$12.8MAsset & business sales$2.7MAcquisitions$100K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Pentair: profit against cash, quarter by quarterPentair: profit against cash, quarter by quarterNet incomeOperating cash flow$166M$86.5MQ4 2024$155M−$38.9MQ1 2025$148M$607MQ2 2025$184M$196MQ3 2025$166M$50.8MQ4 2025$172M−$67.4MQ1 2026$129M$572MQ2 2026$145M$169MQ3 2026
Latest (Q3 2026): Net income $145M, Operating cash flow $169M.
Pentair: diluted shares by fiscal yearPentair: diluted shares by fiscal year167MFY2020168MFY2021166MFY2022166MFY2023167MFY2024166MFY2025
-1.1% since FY2020: buybacks shrank the count.
Pentair: long-term debt falling due (FY2025)Pentair: long-term debt falling due (FY2025)$575M2027$400M2029$278M2030$400MLater
Cash $102M, short-term investments —, long-term debt $1.6B at 2025-12-31.
Pentair in its industry: growth against margin (4 companies, SIC 3550)Pentair in its industry: growth against margin (4 companies, SIC 3550)revenue growth, year over year →↑ operating marginmedian +15%median 19%NVTJBTMKAIPNR (-4%, 20%)
Special Industry Machinery (No Metalworking Machinery); dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Pentair

Unless the context otherwise indicates, references herein to “Pentair,” the “Company,” and such words as “we,” “us,” and “our” include Pentair plc and its consolidated subsidiaries. At Pentair, we help the world sustainably move, improve and enjoy water, life’s most essential resource. From our residential and commercial water solutions to industrial water managemen t and everything in between, Pentair is an S&P 500 company focused on smart, sustainable water solutions that help our planet and people thrive.

In its own words, from its 10-K, filed Feb 24, 2026.

Pentair against its Special Industry Machinery (No Metalworking Machinery) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median +15%. Operating margin: 20.1% against the peers' median 18.6%.

CompanyQuarterRevenueY/YOp. margin
PNR PentairQ3 2026$976M-4%20.1%
NVT nVent ElectricQ3 2026$1.5B+44%18.6%
JBTM JBT MarelQ3 2026$994M-0.7%10.1%
KAI KadantQ3 2026$313M+15%17.1%

Source: Pentair 10-Q on SEC EDGAR · CIK 77360 · Special Industry Machinery (No Metalworking Machinery)

Guidance and outlook

Pentair Revenue: guidance against what was reportedPentair Revenue: guidance against what was reportedguided rangereported (above / within / below)Q4 2024Q2 2025$1.1B
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Pentair: what its forward-looking statements are about (10-Q filed 2026-07-28)Pentair: what its forward-looking statements are about (10-Q filed 2026-07-28)Demand3Costs3Financing2Margins2Other2Deals1Supply chain1Capital spending1
15 statements; tone +0.13 (−1 all cautious, +1 all confident); 3 hedged.
Pentair: outlook statements against the filing beforePentair: outlook statements against the filing beforeConfident4Cautious2

More on PNR

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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